Silver For The People - The Forums

Following last year's big smack down, I started tracking the gold to silver ratio, in particular the uptrends shown in the attached chart.

When the main uptrend broke to the downside, in Jan this year, I swapped out an oz of gold and bought 100 silver maple leafs (with cash I had been saving) at about 51 (it was 53 when it broke, and fell to 51 the next day).

Now for the past 2 months, the GSR has been in an uptrend and tested the 53 level which was a signal for me personally to swap.

I'm waiting now and watching for either a decisive break above that 53 level which will be a signal for me to wait and watch further. The 2 year high was 57.5, which we hit in December last year and if there's a breakthrough above 53, I definitely will sell if it tests that level

Conversely a decisive collapse through the uptrend that's been in place for the past 2 months will be a signal for me to swap some gold immediately for silver.

The 2008 all time high in the GSR was about 83, which is one reason why I will ALWAYS have a little gold. If it hit that level, that would be the only time I would sell every ounce of gold I have and buy silver.

Looks like we'll know by the end of May which way this thing is going though.

Any thoughts?

Interesting thoughts. Wish I had some gold to swap for silver if conditions were favorable.

(04-30-2012 11:34 AM)harbl_the_cat Wrote: [ -> ]Following last year's big smack down, I started tracking the gold to silver ratio, in particular the uptrends shown in the attached chart.

When the main uptrend broke to the downside, in Jan this year, I swapped out an oz of gold and bought 100 silver maple leafs (with cash I had been saving) at about 51 (it was 53 when it broke, and fell to 51 the next day).

Now for the past 2 months, the GSR has been in an uptrend and tested the 53 level which was a signal for me personally to swap.

I'm waiting now and watching for either a decisive break above that 53 level which will be a signal for me to wait and watch further. The 2 year high was 57.5, which we hit in December last year and if there's a breakthrough above 53, I definitely will sell if it tests that level

Conversely a decisive collapse through the uptrend that's been in place for the past 2 months will be a signal for me to swap some gold immediately for silver.

The 2008 all time high in the GSR was about 83, which is one reason why I will ALWAYS have a little gold. If it hit that level, that would be the only time I would sell every ounce of gold I have and buy silver.

Looks like we'll know by the end of May which way this thing is going though.

Any thoughts?

yeah, you're thinking just what i'm thinking... I want silver to go down and I want gold to stay up at $1650.... I missed the opportunity in late 2011 to swap but now I have another opportunity.

Nice - looks like someone else was making the same call as me:

http://www.brotherjohnf.com/uncategorize...or-silver/